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In 2006, it became a major concern that the South Korean won banknotes were being counterfeited. This led the government to issue a new series of banknotes, with the 5,000 won note being the first one to be redesigned. Later in 2007, the 1,000 and 10,000 won notes were introduced. On June 23, 2009, the Bank of Korea released the 50,000 won note.
Following the end of the Colonial Era and the division of Korea, the won was introduced to replace the Korean yen. The first banknotes were issued by the Bank of Joseon until 1950, when the currency management switched to the Bank of Korea. At the time of its introduction in 1945 the won was pegged to the Japanese yen at a rate of 1 won = 1 yen ...
In 1953, banknotes were introduced in denominations of 1, 5, 10, 100 and 1000 hwan. Some of these notes were printed in the U.S. and gave the denomination in English and Hangul as won. 500 hwan notes were introduced in 1956, followed by 1000 hwan in 1957 and 50 hwan in 1958.
The current series of banknotes of the third won are issued in denominations of 5, 10, 50, 100, 200, 500, 1,000, 2,000, and 5,000 won. Kim Il Sung is depicted only on the obverse of the highest denomination, with the 100 won note featuring the Magnolia (National Flower) and other notes depicting North Koreans of different professions and ...
Yi Hwang (Korean: 이황; Hanja: 李滉; 1501–1570) was a Korean philosopher, writer, and Confucian scholar of the Joseon period. [1] He is considered the most important philosopher of Korea - he is honored by printing his portrait on the 1000 South Korean won banknote, on the reverse of which one can see an image of his school, Dosan Seowon.
The yen was the currency of Korea during the Colonial rule, from 1910 to 1945, and was issued by the Bank of Chōsen It was equivalent to the Japanese yen and consisted of Japanese currency and banknotes issued specifically for Korea. It was replaced by the South Korean won at par in 1945, and by the North Korean won in 1947.
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Korean won primarily refers to: South Korean won, the present currency of South Korea; North Korean won, the present currency of North Korea; It can also refer to these historical currencies: Korean Empire won, 1900–1910 currency in the Korean Empire; Won of the Red Army Command, 1945–1947 currency in northern Korea under the Soviet Civil ...
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